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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12950 Culver Blvd Los Angeles, CA 90066

    • Office buildings
    • 22,381 SF
    • 0.59 lot acres
    For Lease
    View listing
    $45 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7089782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Purrvana / Kennel & Boarding Facility
    • RGA Associate Inc / Employment Agency
    • ALP Network Operations Center / Media Distribution
    • AMV Digital Media / Film Production / Television Studio
    • Collision Studios / Auto Repair Shop

    Property Details for 12950 Culver Blvd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    0.59 lot acres
    Property size
    22,381 SF
    Zone code
    LAM2
    Property type
    Office buildings
    APN
    4221-031-007
    APU
    4221031007

    Description

    This single-story, Class B creative office building in Marina del Rey, Los Angeles County, offers 22,381 square feet of space. Built in 2000, the property is currently partially vacant, with 8,401 square feet immediately available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 3,852 square feet to a maximum contiguous space of 4,549 square feet. The building boasts ample parking with 96 spaces available for tenants and their guests. Located at 12950 Culver Blvd, zip code 90066, this property presents a unique opportunity for businesses seeking modern, flexible office space in a desirable Los Angeles location. The building's creative office design caters to a variety of businesses, providing a collaborative and inspiring work environment. Its convenient location in Marina del Rey offers easy access to major transportation routes and a vibrant community. The available space is ideal for companies seeking expansion or relocation, offering a blend of functionality and aesthetic appeal. This is a prime opportunity to secure high-quality office space in a sought-after area of Los Angeles. Contact us today to learn more about leasing options and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,461,000
      Market price range: $5.32M - $17.7M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.427
    Latitude
    33.9822
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $54,414
    $939,242
    $3,369,730
    $4,308,972
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      39,044 SF

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    • Value Estimation
      $1,005,000
      3,897 SF

      12478 Washington Blvd

      PROFESSIONAL BUILDING • 3,897 SF
      12478 Washington Blvd, Los Angeles, CA 90066-5512
      View Details
    • Value Estimation
      $1,510,000
      7,835 SF

      12027 Venice Blvd

      PROFESSIONAL BUILDING • 7,835 SF
      12027 Venice Blvd, Los Angeles, CA 90066-3844
      View Details
    • Value Estimation by Request
      580 SF

      3763 Sawtelle Blvd

      OFFICE BUILDING • 580 SF
      3763 Sawtelle Blvd, Los Angeles, CA 90066
      View Details
    • Value Estimation
      $8,080,000
      48,100 SF

      5301 Beethoven St

      OFFICE BUILDING • 48,100 SF
      5301 Beethoven St, Los Angeles, CA 90066-7061
      View Details
    • Value Estimation
      $4,180,000
      24,307 SF

      12211 Washington Blvd

      OFFICE BUILDING • 24,307 SF
      12211 Washington Blvd, Los Angeles, CA 90066-5520
      View Details

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    Similar Nearby for Lease

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      MediaWorks Creative Campus: Marina del Rey

      Prime Creative Office Space in LA
      12910 Culver Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing
      100,000 SF

      Prime LA Office Space: Jefferson Blvd

      Modern Executive/Medical Suites, 84,512 SF Available
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    Los Angeles, CA 90066
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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